Corn belt States will cover rain snow

the Pace of harvesting corn in the US is much inferior to last year. Warm and dry weather this week will allow farmers to finish harvesting soybeans and accelerate the harvesting of corn, and from the middle of next week rains with snow and temperatures down to -5..-10 degrees stop work, may have a significant impact on prices.

In the Midwest USA during 6-10 days will be rain with snow in the background of a slight frost will stop harvesting corn and can damage still has not been collected for soybean crops.

As of 17 Nov soybeans in the United States threshed on 91% of areas, compared with 95% in average for 5 years. Slowest collection is held in Michigan, where threshed 76% of areas, compared with 91% in average, Wisconsin 77% (95% average), North Dakota– 84% (98%).

Corn threshed on 76% of areas compared to 92% in average for 5 years. In North Dakota threshed 23% of areas, compared with 85% on average, Michigan – 39% (75% average), Wisconsin– 44% (77%).

Precipitation in the form of snow this week prevented the collection in the Northern plains of the United States, but dry weather for the next 5 days with slight night frosts will allow us to resume field work.

On the South plains, the absence of frosts and precipitation in the next 10 days will improve the condition of winter crops.

In Canada precipitation delayed harvest and frost to -8..-15 degrees with snow the next week can lead to the loss of uncollected crops. As of 21 November in Saskatchewan threshed 93% of the area, of which spring wheat – 94%, canola – 91%, soybeans 90%. Excessive moisture degrades the quality of the grain and increases the costs of farmers for drying.

In Brazil, for 5-7 days moderate and heavy rainfall will improve crop condition. Soybeans planted 67% of the target of 36.4 million ha, which nearly corresponds to the average 5-year rate 70%.

Powerful precipitation in Argentina will stop sowing of soybeans and corn, but replenish soil moisture. According to BAGE, corn planted in the country of 45.7% of the area, soybeans – 31,15, while the wheat is gathered 20% of the area.

Weather in South America contributes to the planting and development of crops of soybeans and corn that improves forecasts of production and pressure on prices. Significant volumes of unsold corn in the U.S. due to a good harvest in Brazil and Argentina will increase competition in the global market, so do not expect a price increase.